New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who heads the Monetary Policy committee formed by the

    Central Government?
    A President Correct Answer Incorrect Answer
    B Finance Minister Correct Answer Incorrect Answer
    C RBI’s governor Correct Answer Incorrect Answer
    D Prime Minister Correct Answer Incorrect Answer
    E RBI’s Financial Advisor Correct Answer Incorrect Answer

    Solution

    The Monetary Policy Committee (MPC) is a committee constituted by the Central Government and led by the Governor of RBI. The Monetary Policy Committee was formed with the mission of fixing the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level.

    Practice Next